Swire Group, whose activities span property, aviation, beverages, marine services, and trading and industrial, is a Hong Kong listed conglomerate. It is the parent of Hong Kong carrier, Cathay Pacific Airways, and Dragonair, and Hong Kong Aircraft Engineering Co (Haeco) is a subsidiary. Swire Pacific and Swire Properties are the main listed arms of the group, which also owns Swire Hotels.
Hong Kong Aviation Engineering Co is the SAR's largest aircraft maintenance and
HONG KONG Aviation Engineering Co (Haeco) is the SAR's largest aircraft maintenance and repair operator.
Indosuez WI Carr put a sell recommendation on the stock a year ago after the company's net profits in the first half of last year fell 22 per cent on the back of a 9.2 per cent decline in turnover.
The brokerage did not expect a turnaround for at least 12 to 18 months.
This advice proved sound for investors who shifted into blue-chips.